Virgin Media 2011 Annual Report Download - page 93

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VIRGIN MEDIA INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
Year ended December 31,
2011 2010 2009
Revenue ........................................................ £3,991.8 £3,875.8 £3,663.9
Costs and expenses
Operating costs (exclusive of depreciation shown separately below) ..... 1,605.6 1,575.0 1,528.7
Selling, general and administrative expenses ........................ 796.0 790.6 786.3
Restructuring and other charges .................................. 8.4 53.0 40.4
Depreciation ................................................. 923.2 987.7 928.7
Amortization ................................................. 118.4 147.6 243.1
Goodwill and intangible asset impairments ......................... 0.0 0.0 4.7
3,451.6 3,553.9 3,531.9
Operating income ................................................ 540.2 321.9 132.0
Other income (expense)
Interest expense ............................................... (440.8) (477.8) (455.1)
Loss on extinguishment of debt .................................. (47.2) (70.0) (54.5)
Share of income from equity investments ........................... 18.6 24.0 14.1
Loss on disposal of equity investments ............................. (7.2) 0.0 0.0
Loss on derivative instruments ................................... (50.7) (65.6) (114.5)
Foreign currency (losses) gains ................................... (2.4) (34.1) 119.0
Interest income and other, net .................................... 82.6 8.3 6.2
Income (loss) from continuing operations before income taxes ........... 93.1 (293.3) (352.8)
Income tax (expense) benefit .................................... (16.0) 124.1 2.5
Income (loss) from continuing operations ............................. 77.1 (169.2) (350.3)
Discontinued operations
Gain on disposal, net of tax ...................................... 0.0 19.2 0.0
(Loss) income from discontinued operations, net of tax ................ (1.2) 8.6 (7.5)
(Loss) income from discontinued operations .......................... (1.2) 27.8 (7.5)
Net income (loss) ................................................. £ 75.9 £ (141.4) £ (357.8)
Per share amounts
Income (loss) from continuing operations
Basic earnings per share ........................................ £ 0.25 £ (0.52) £ (1.07)
Diluted earnings per share ....................................... £ 0.24 £ (0.52) £ (1.07)
Net income (loss)
Basic earnings per share ........................................ £ 0.24 £ (0.43) £ (1.09)
Diluted earnings per share ....................................... £ 0.24 £ (0.43) £ (1.09)
Dividends per share (in U.S. dollars) ................................. $ 0.16 $ 0.16 $ 0.16
See accompanying notes.
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